By Joe Woelfel and Mackenzie Tatananni

Stocks traded higher Monday on signs of easing trade tensions etween the U.S. and China.

These stocks were moving:

Apple rose 4.5% to $263.57 after analysts at Loop Capital raised its rating to Buy from Hold and boosted its price target to $315 from $226 on expectations Apple could set a record for iPhone shipments.

Nvidia was up 0.2%. On Friday, the AI chip maker unveiled the first Blackwell wafer produced in the U.S., made at Taiwan Semiconductor Manufacturing's plant in Phoenix. U.S.-listed shares of Taiwan Semi gained 1.9%.

Boeing traded up 1.8%. The aerospace giant will be allowed to increase production of its 737 MAX to 42 planes a month from 38, a cap that was put in place after an emergency door plug blew out of a 737 MAX 9 jet operated by Alaska Air in January 2024.

Cleveland-Cliffs surged 17% after the steel maker said it was exploring ways to produce rare-earths minerals from its iron ore deposits. For the third quarter, Cleveland-Cliffs posted adjusted Ebitda of $143 million, topping analysts' calls for $128 million, and sales of $4.7 billion, narrowly beating expectations of $4.5 billion.

Super Micro Computer gained 6.7%, making it a top performer in the S&P 500. Barron's technical analyst Doug Busch said the stock appeared to be forming a "cup and handle" pattern, a setup in which the price first dips, recovers to previous highs, then pulls back slightly to form the handle before potentially breaking out.

Cooper Cos. jumped 4.2% after The Wall Street Journal reported activist investor Jana Partners has built a stake in the company and plans to push for strategic alternatives, including a potential deal to combine Cooper's contact-lens unit with rival Bausch + Lomb. The report cited people familiar with the matter. Bausch + Lomb CEO Brent Saunders told the Journal he would be interested in such a combination.

Amazon.com rose 1.3%. A major Amazon Web Services outage disrupted much of the internet on Monday, including apps such as Snap, Coinbase, Roblox, and McDonald's. The world's largest cloud provider first reported a problem in its "US-East-1 region" shortly after 3 a.m. Eastern time. By the afternoon, the company said it was "applying mitigations" to several availability zones in the U.S. to end the disruption.

Hologic gained 3.3%. Blackstone and TPG are in advanced talks to acquire the maker of medical devices in a deal valuing Hologic at $17 billion including debt, Bloomberg reported, citing people familiar with the matter. TPG declined to comment in an email to Barron's.

KLA Corp. rose 3.8% to $1148 after Barclays named the stock its top semiconductor equipment pick. Analyst Tom O'Malley upgraded shares to Overweight from Equal Weight, and hiked his price target to $1200 from $750. Shares hit an all-time intraday high of $1161.18 on Monday.

Shares of AI-enabled medicine company Tempus AI climbed 7% to $93.92. Canaccord Genuity analyst Kyle Mikson initiated coverage at Buy with a $110 price target, arguing "the potential of AI deployment at scale in clinical practice could support strong long-term revenue growth for Tempus."

Netflix igained 3.7% on Monday after climbing 1.3% on Friday and snapping a five-session losing streak. The stock has gained nearly 40% this year. The streaming service reports third-quarter earnings after Tuesday's close.

Tesla rose 1.2% to $444.62. The electric-behicle maker gained 2.5% on Friday, shaking off a Sell rating. Tesla is scheduled to report third-quarter earnings after the markets close on Wednesday.

Rivian Automotive fell 0.4% to $12.99. The stock was downgraded to Underperform from Neutral at Mizuho, with analysts citing slowing EV demand as credits for purchasing an electric vehicle expire. Mizuho reduced the price target to $10 from $14.

Write to Joe Woelfel at joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com

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October 20, 2025 15:00 ET (19:00 GMT)

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